The California Public Utility Commission (CPUC) still intends to press FERC for a finding of affiliate abuse and tariff violations in the El Paso Natural Gas pipeline case, said CPUC Attorney Harvey Morris (see NGI, March 5), despite El Paso Merchant Energy’s decision to turnback on May 31 most of the 1.2 Bcf/d of firm space it has held on its affiliated pipeline system.
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CPUC Attacks El Paso Affiliate Deal
The California Public Utility Commission (CPUC) still intends topress FERC for a finding of affiliate abuse and tariff violationsin the El Paso Natural Gas pipeline case, said CPUC Attorney HarveyMorris (see Daily GPI, Feb. 28), despite El Paso Merchant Energy’sdecision to turn back on May 31 most of the 1.2 Bcf/d of firm spaceit has held on its affiliated pipeline system.
SES to Expand Through Midwest
Sempra Energy Solutions (SES) — a subsidiary of Sempra Energy— reported late last week that it intends to expand its existingoperations in Chicago as a national energy services provider thatoffers integrated energy solutions to the commercial, industrial,educational and governmental markets. The company said it willbuild on its Midwest business with the addition of key regions inMichigan and Ohio.
Industry Brief
The Houston Exploration Co. reported it intends to add moreproduction to its hedging program for November and December of thisyear to help off-set losses accrued during the last two quarters.The company plans to add 40,000 MMBtu/d to November hedgedproduction and 50,000 MMBtu/d in December. Houston Explorationhedged these volumes with swap prices averaging $5.10 per MMBtu inNovember and $5.19 per MMBtu in December. The additional hedgingraises the ceiling price from $3.55 to $4.05 on hedged volumes forthe period. The company said it has not committed to any furtherhedges, but is currently evaluating these opportunities as part ofits risk management policy.
CRE Hearing Addresses Rapid Demand Growth
Mexico’s energy regulatory commission, the Comison Reguladora de Energia (CRE), intends to hold a public hearing in November to discuss measures to deal with gas price volatility, strong demand growth and future improvements in Mexican natural gas industry competition.
CMS to Launch Value Enhancement Program
CMS Energy Corp. announced it intends to implement a programthat will strengthen its balance sheet while maintaining itsforecasted earnings per share for 2001. The company also plans toretain the goal of a 10% per year growth rate thereafter.
CMS to Launch Value Enhancement Program
CMS Energy Corp. announced it intends to implement a programthat will strengthen its balance sheet while maintaining itsforecasted earnings per share for 2001. The company also plans toretain the goal of a 10% per year growth rate thereafter.
Suncor Energy Repositioning Gas Business
Suncor Energy Inc. of Calgary said it will reposition its gasbusiness to achieve at least a 10% return on capital within fiveyears. Suncor intends to build competitive operating areas, improvebase business efficiency and create new, low-capital businesses.
Suncor Energy Repositioning Gas Business
Suncor Energy Inc. of Calgary plans to reposition its gasbusiness to achieve at least a 10% return on capital within fiveyears. Suncor intends to build competitive operating areas, improvebase business efficiency and create new, low-capital businesses.
Washington Gas Light to Form Holding Co.
Washington Gas Light Co. announced last week that it intends toreorganize its corporate structure to form a holding company knownas WGL Holdings, Inc. Under the new structure, Washington Gas, asthe regulated utility, and the subsidiaries it currently holds,would each operate as separate subsidiaries of WGL Holdings, Inc.Washington Gas will continue to operate as the regulated localnatural gas distribution company throughout the Washington, D.C.metropolitan region.